Monday,30 September 2024 08:19:56

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Monday,30 September 2024 at 07:16

UK & European stocks fell at the open as investors mulled the latest UK GDP and house price data.

Stocks in mainland China surged more than 8% while Japan’s Nikkei 225 tumbled 4.64% on Monday as investors assessed key economic data from the two countries.

Gold prices eased but hovered near the record peak hit last week, setting bullion on track for its best quarter in over eight years following a jumbo U.S. rate cut decision and expectations of another outsized reduction in November.

Oil prices edged higher on increasing concerns of potential supply disruptions from the Middle East producing region after Israel stepped up attacks on Iranian-backed forces.

In corporate news, mining technology group Weir said it had won a £25m contract to provide services on the next phase of OCP’s Benguerir and Louta greenfield phosphate projects in Morocco.

The order will support the continued construction of the Louta project and the trebling of production from the Benguerir project, where Weir has previously provided similar separation and desliming solutions, the company said.

Markets

08:15

FTSE 100 8,313 (-0.09%)

FTSE 250 21,220 (-0.09%)

DAX 19,413 (-0.30%)

the close

Dow Jones 42,313 +0.33%

S&P 500 5,738 (-0.13%)

NASDAQ 18,119 (-0.39%)

Fixed Income

UK 10-YR YIELD 3.979

Exchange Rates

GBP/USD 1.338

GBP/EUR 1.198

Commodities

Gold $2,659 +0.05%

Brent $72.43 +0.65%

Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.